What is a Bitcoin?

Bitcoin

Bitcoin was invented as a peer-to-peer system for online payments that does not require a trusted central authority. Since its inception in 2008, Bitcoin has grown into a technology, a currency, an investment vehicle, and a community of users. Since anything digital can be copied over and over again, the hard part about implementing a digital payment system is making sure that nobody spends the same money more than once. Traditionally, this is done by having a trusted central authority like banks and other financial institutions that verifies all of the transactions. The core innovation that makes Bitcoin special is that it a massive peer-to-peer network which verifies each transaction and this results in a system where payments are non-reversible, accounts cannot be frozen, and transaction fees are much lower. As we mentioned above, there is no central person or central authority in charge of Bitcoin.

Coindelta is our global initiative to facilitate the trading of digital assets in India, with the goal of bringing India closer to blockchain. Our mission is to create the right system with the right guarantees. One of our first few initiative towards it is to educate the society about blockchain. We measure our success in making a strong community of blockchain enthusiasts.